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One-Page Deal Sheet

Murphy Selling Off Entire Malaysian Portfolio in $2.1B All-Cash Deal

PTTEP Murphy Oil Corp
AnnouncedMar 21, 2019
TypeAsset
Announced Date
March 21,2019
Effective Date
January 01,2019
Close Date
July 10,2019
Transaction Type
Asset
Enterprise Value (EV)($MM)
2127




Snapshot
Asset/Basin:
{"Malaysia offshore (Sabah & Sarawak)"}
Proved Reserves

Location
Region
Asia - Pacific

Country
Malaysia

Production & Reserves
Production

Production Mix

Reserves


Calculated Metrics( EV/Category)
$/ Flowing

Transaction Details:  Subscribe to see

Murphy Oil Corp. has inked a deal to sell its entire Malaysian portfolio to a subsidiary of PTT Exploration and Production Public Company Limited (PTTEP) in an all-cash deal worth $2.127 billion.

This deal closed on July 10, 2019.

The assets are comprised of fully issued share capital of its two primary Malaysian subsidiaries, Murphy Sabah Oil Co., Ltd. and Murphy Sarawak Oil Co., Ltd.

Murphy has been decreasing its Malaysian spending each year since 2014 (see slide below) - only $106MM of its ~$1.35B 2019 budget was allocated to the asset.

The company will be using the proceeds for a $500…

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